General Motors North America President Mark Reuss said today that the automaker plans to deliver new sport-utility vehicles in early to mid-2014 with redesigned midsize trucks to follow soon afterward.

After revealing the redesigned Chevrolet Silverado and GMC Sierra, large pickup trucks based on the same architecture, Reuss said fans can expect new SUVs and mid-size trucks in 2014.

Each individual vehicle is expected to get a major update, including the Chevrolet Tahoe, Chevrolet Surburban and GMC Yukon. Reuss said GM owns a 70% share of the SUV market. The automaker will also upgrade the Chevrolet Colorado and GMC Canyon mid-size trucks. GM is updating about 80% of its product portfolio in 2012 and 2013.

Reuss said GM is positioned to deliver more frequent product updates after a sluggish pace of new product introduction that occurred because of the company’s 2009 bankruptcy reorganization, which forced it to slow spending and left it with an aging lineup of vehicles.

“The market is very dynamic and we are going to have a life cycle plan on every product that we put out there that’s going to be much shorter in terms of change,” he said.

Reuss said, for example, that GM won’t wait long to deliver new engine technologies for the redesigned Silverado and Sierra.

“I would say we’ll have very compelling powertrain choices that continue to evolve early in the life cycle of this truck,” he said.

Reuss also told reporters that GM:

• Would deliver the diesel version of the Chevrolet Cruze in the first quarter of 2013.

• "We just drove it against the (Volkswagen) Jetta, and I’m thrilled with the car," Reuss said.

• Had set its large pickup truck incentives at $2,700 above its competition in November, leading to a decline in 10.4% decline in sales of the Silverado and a 2% decline in sales of the Sierra.

• Has responded to the poor truck sales in November by boosting incentives in December and is reducing truck inventory to a comfortable level ahead of the long-expected down time of the company’s truck plants, which will gear up to produce the 2014 Silverado and Sierra.

• Is prepared to deal with the various possible outcomes of the so-called “fiscal cliff” in Washington.

“It seems like there are different developments every day,” Reuss said. “What I do know is our business is structured at a very good breakeven point. We’re prepared to do what we need to do to make money and be profitable and invest in lots of those scenarios.”

Still, he said economy signs are encouraging.

“The fundamentals are in place here for steady growth and we’re treating it that way,” he said.

• Would provide few hints about the pricing and fuel economy of the Silverado and Sierra.

“I think you’ll be surprised on where we’ll price the truck from a value standpoint and I’ll leave it at that,” he said.

• Scheduled the truck event on its own day a month ahead of the 2013 Detroit auto show to give it more attention and highlight its engine technology.

There are “a lot of things happening” at the auto show, “so we thought we’d separate it a bit,” he said.